If you’re looking for a quick update on the crypto market, here are the key events shaping today’s trends. These include developments in Bitcoin, blockchain, DeFi, NFTs, Web3, and global crypto regulation.
Singapore Takes Aim at Unregulated Stablecoins
Singapore’s central bank is preparing to tighten rules on stablecoins as part of its effort to safeguard the country’s financial system. Speaking at the Singapore FinTech Festival, Monetary Authority of Singapore (MAS) Managing Director Chia Der Jiun said only fully regulated, reserve-backed stablecoins will be considered suitable for settlement.
Chia warned that many unregulated stablecoins have a poor track record of maintaining their peg and pose systemic risks in large-scale transactions. He compared recent depeggings to money market fund runs during the 2008 financial crisis.
According to Chia, the next phase of digital money requires not only speed and programmability, but also stability and credible backing. Singapore is expected to clearly separate regulated stablecoins from all others as new legislation approaches.
Trump Signs Bill Ending Longest U.S. Government Shutdown
U.S. President Donald Trump signed a funding bill late Wednesday, officially ending the 43-day government shutdown—the longest in U.S. history. The bill passed the Senate earlier in the week and cleared the House before receiving Trump’s approval.
The legislation funds government operations through January 30, 2026, giving lawmakers more time to negotiate broader budget agreements for the coming years.
Prosecutors Seek Retrial in $25M MEV Exploit Case
U.S. prosecutors are pushing for a retrial of Anton and James Peraire-Bueno, two brothers accused of orchestrating a $25 million exploit using MEV bots on the Ethereum blockchain. The first trial ended in a mistrial after jurors failed to reach a verdict.
In a new filing, prosecutors asked a federal judge to schedule the retrial for late February or early March 2026. The brothers face charges including wire fraud, money laundering, and receiving stolen property. A conviction could result in decades of prison time.
The case has drawn significant attention across the crypto industry because of its potential impact on future interpretations of blockchain-based trading practices.
